Monday, December 24, 2007

3:30 am - FCPO is trending nicely along 240 mins chart.




Here is an opportunity to go long at 3015/3016 on a 15 mins entry using breakout as your entry approach and using 240 mins as stop. Trail your stops on the 240 mins as FCPO break higher.




On my CI & CPO weekly newsletter, weekly entry is 3,018 on the long position using daily chart.







12:21 am - FKLI broke higher to 1427.5


It is treading nicely along the Bollinger Band. Can you buy now ? You can buy on the basis of EOD chart. Today is 5 days line change. You are looking at 25-30 pts stop if you are trading daily chart.





However, on the daily chart, FKLI is currently trading at 61.8% (downtrend). If FKLI can break higher above 61.8%, FKLI can trend higher. The 61.8% is a resistance.